Though by now we all know that Democrats have lost and republicans are again into power...But was that fight among them only effecting US??...i dont feel so!! No matter whosoever wins it, it was the rest of world which is gonna effect more than US. Yeah quite certian that, the severity of impact depends upon who wins.To give some factual Data.....US Economy is $10.45 trillion (2002 est.) which is whoping >21% of whole economy...so if something goes wrong here its the whole world who gets effected...If republicans remain in power then generally its seen or atleast was seen last 4yrs that the total fuel consumption by US was 25% (of total world Consumption) ..i.e. out of every 4 barrels of oil consumed US used to consume 1 Barrel!!!its all beacuse of wars and hell lot of reasons...apart from that due to tax polies of US the Dollar is projected to loose its hold that means a great effect on income estimates of many companies esp Indian where their income is done in dollars and expenditure in dollars ...though republicans have good signals to India too like H1-visas or bilateral relation..outsourcing but it comes with a cost of inflation...so one has to loose one front to get another. There will be effects on who so ever comes...its actually US v/s World. One has to accept that.
2 comments:
wowwe...r u inspired by The financial Times or what???so what else??i dont think that u went to the intricacies of the oil barrel thing that much...so it seems that the country manufacturing the oil barrel will also get affected by the voting...and so would be the two massive ketchup companies that are pitted against each other to become the national ketchup...
Its nothing like that even a simple paper like Hindu provide these details.I came across those points and felt that the blog can be the best place to log such details....Regarding the question of manufacturing of barrel???The country manufacturing of oil barrel can be effected by voting but its global eefect depends upon who is producing it(like Saudi Arabia can effect a lot) and whos economy is big(US and China can effect for sure)
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